2018/2019
Housing Economics
Language:
English
ECTS credits:
5
Contact hours:
60
Course Syllabus
Abstract
In order to do that, students will touch upon both theory and empirical evidence. First, they will study housing market theories and issues of housing markets. Second, students will learn how to apply the theoretical models in practice.
Learning Objectives
- to improve the basic knowledge and competences of the students in the urban and housing economics
Expected Learning Outcomes
- the students are expected to make informed and reasonable decisions about purchasing/selling and managing housing as-sets
- as well as to use established academic urban and housing theories in practice
Course Contents
- Urban economics
- Housing market
- Real estate valuation
- Speculative housing price bubbles
- Tenure choice
- Governmental housing market regulations
Interim Assessment
- Interim assessment (2 module)0.4 * final exam + 0.3 * home assignments + 0.1 * in-class activity + 0.2 * mid-term exam
Bibliography
Recommended Core Bibliography
- Brueckner, J. K. (2011). Lectures on Urban Economics. Cambridge, Mass: The MIT Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=400828
Recommended Additional Bibliography
- Brueckner, J. K. (1986). The downpayment constraint and housing tenure choice : A simplified exposition. Regional Science and Urban Economics, (4), 519. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.eee.regeco.v16y1986i4p519.525
- Stephen Malpezzi. (n.d.). Hedonic Pricing Models: A Selective and Applied Review. Wisconsin-Madison CULER Working Papers. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.wop.wisule.02.05